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Dec 28, 2012
12/12
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WUSA
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this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with incom income taxes at a rate to be determined later, the threshold of that income, and some federal benefit and if they don't reach a deal, he will have his own plan b. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for two million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's bare minimum that we
this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with incom income taxes at a rate to be determined later, the...
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Dec 25, 2012
12/12
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FBC
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continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the system here? >> it is the bureaucrats implementing what is a good law. what we did was follow the credit card industry does. many of your viewers have had transactions on the credit card for the credit card company called and said there is a fraud alert on your card, did you really do that transaction? that is computer modeling looking at your spending habits and sees if they're in the normal course of your spending and if they are not, the computer puts up the red flag and they check with you and if you say no, they don't pay. but to something working in the private sector, $2 trillion credit card business paying very little in fraud, stop the fraud and let's apply that to medicare. between medicare and m
continuing to run these huge deficits. gerri: it will take over our budget, the only thing we pay for. as you pointed out, the services found we can't even get the front portion of this right. this is a topic you're very interested in. we're trying to find fraud and found 20 million in overpayment. what is wrong with the system here? >> it is the bureaucrats implementing what is a good law. what we did was follow the credit card industry does. many of your viewers have had transactions on...
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Dec 28, 2012
12/12
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FBC
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federal pension fund is running dry, they posted a $34 billion deficit just for this year. and there is new worries it could o belly up. that is on top of the fha, federal housing agency, saying it is $16 billion in the red, if they get tapped out, and need a bailout, get ready to shell out. jonathan is all fed up. most people don't know about it i don't think it is a question of if, i think but when they need a bailout. >> if you look at the statistics, the economics, it is likely they will need taxpayer assistance, this is a branch of government, a part of government lost a billion dollars in 2012, it is only 70% funded, it is cash flow negative, an and $34 billion deficit, and 300 300 million of exposure to risky mentioned that will likely have to assume. just like the savings lone insurance scheme a few decade ago, it is my opinion they will need a taxpayer bailout. tom: it is a mouthful pbgc, pension benefit -- corporation, most don't know about it unless are a united airline pilot or delta or bethlehem steel, there are hundreds of plans they took over. but the pilots
federal pension fund is running dry, they posted a $34 billion deficit just for this year. and there is new worries it could o belly up. that is on top of the fha, federal housing agency, saying it is $16 billion in the red, if they get tapped out, and need a bailout, get ready to shell out. jonathan is all fed up. most people don't know about it i don't think it is a question of if, i think but when they need a bailout. >> if you look at the statistics, the economics, it is likely they...
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Dec 29, 2012
12/12
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FOXNEWSW
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan? >> i'm just glad the president is engaged. you can't do big things in washington, d.c. without presidential leadership. that's what we haven't had. the fact that he is now owe table. better late than never i would argue. at least he is at the table presenting something that will give us a chance hopefully to get some bipartisan support in the senate and perhaps get something to the house that will avert what everybody agrees is a major economic disaster. but we're still waiting for the details and obviously there is a long ways to go and this is a very -- there is going to be a tough needle to thread in order to get this done. >> see, i don't understand why the democrats think that this is an economic disaster going off the cliff since really it's j
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> joining us now from capitol hill. south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan? >> i'm just glad the president is engaged. you can't do big things in washington, d.c. without presidential leadership. that's what we...
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Dec 29, 2012
12/12
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FOXNEWSW
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still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting fuzzy math going on but there is not any serious entitlement reform. we can't just wait and talk about that in january. needs to be included in any package before we go forward. >> you know, juan, the point she is making when we talk about spending cuts. basically a guy pulling the olives off a meat lover's pizza and saying he is on a diet. something so incidental and ignoring this huge huge problem this black hole that is spending. it's true. we are going nowhere. >> no, i disagree. you know what? >> you like picking the olives off. that's you and spending cuts. >> not only that i like it when the an chofs because then getting lot of antioxidants with my pizza and i feel good about eating the pizza even though i'm bloated. when you look at the reality. alice says the president hasn't put any spending on the table. wrong, the president has left wing face furious with him, alice, because he said we will will put the
still looking at trillion-dollar deficit. that just goes to show spending cuts. right now we don't have them. talks about them and there is accounting fuzzy math going on but there is not any serious entitlement reform. we can't just wait and talk about that in january. needs to be included in any package before we go forward. >> you know, juan, the point she is making when we talk about spending cuts. basically a guy pulling the olives off a meat lover's pizza and saying he is on a diet....
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Dec 26, 2012
12/12
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KICU
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. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the avalanche broke much higher and wider on the slope than expected burying foster in the snow. >>> we'll go to the sierra for updates on conditions there tonight as this latest storm bringing everyone more snow to the high country. you can get the latest weather conditions any time online or on your mobile device at ktvu.com. look for the link to storm tracker 2 near the top of the page. you can also follow us on twitter. we postupdates on the ktvu channel 2 facebook page. >>> police found dozens of shell casings on the ground where a man was shot and killed. neighbors told our photographer that they hea
. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the...
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Dec 29, 2012
12/12
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CNNW
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but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is infectious. his daughter is now collecting cans at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff. but they say that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> back in a moment. it's lots of things. all waking up. connecting to the
but 90 million is not that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says you got to start somewhere, especially when washington won't. the partisan fighting has bothered him since? 1992, when he first wrote his congressman, suggesting a formula to put down the debt. the veteran says he is giving back to a country that has given him so much. a sense of duty, that is...
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Dec 26, 2012
12/12
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KTVU
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. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the avalanche broke much higher and wider on the slope than expected burying foster in the snow. >>> we'll go to the sierra for updates on conditions there tonight as this latest storm bringing everyone more snow to the high country. you can get the latest weather conditions any time online or on your mobile device at ktvu.com. look for the link to storm tracker 2 near the top of the page. you can also follow us on twitter. we postupdates on the ktvu channel 2 facebook page. >>> police found dozens of shell casings on the ground where a man was shot and killed. neighbors told our photographer that they hea
. >> last year we were in a deficit situation and we really needed to make up some ground. luckily we have a lot of ground water storage capacity. this series of storms have helped with the reservoir capacity. >>> a member of the alpine meadow ski patrol has died after being buried in an avalanche. bill foster died overnight at a reno hospital. yet the ski patrol used explosives to trigger the avalanche in a private area of the resort near lake tahoe. resort officials say the...
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Dec 24, 2012
12/12
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FOXNEWSW
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as a member of the so called gang of six he worked in 2011 towards a deficit reduction deal that congress never adopt asked a warning about a potential new threat from north korea o. fishls saying the north's new missles can now reach the u.s. mainland saying they discovered evidence of this after the north carried out a banned missle test earlier this month. the question is has north korea mastered reentry technology? now back to "fox files". >>> we are here in grand central terminal in new york city. every day, 700,000 people pass through here which means that superdogs like holland have a very important job to do especially in a post 9/11 world. here is what it takes to become a four legged hero he. ♪ ♪ >> before they could do this, they all start out like this. fox files cameras got a first-hand look at the department of defense military working dog program at lackland air force base where puppies learn to become warriors. spread across nearly 9,000-acres in san antonio, texas, the base is home to the 341st training squadron. >> the purpose is to procure, train and produce handler
as a member of the so called gang of six he worked in 2011 towards a deficit reduction deal that congress never adopt asked a warning about a potential new threat from north korea o. fishls saying the north's new missles can now reach the u.s. mainland saying they discovered evidence of this after the north carried out a banned missle test earlier this month. the question is has north korea mastered reentry technology? now back to "fox files". >>> we are here in grand central...
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Dec 28, 2012
12/12
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CNNW
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they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s. would lose its ability to borrow money. republicans and democrats deploy tactics that shut down the government and ultimately cost america its aaa credit raid raiting for the first time in history. in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across-the-board cuts known as the sequester would go into effect starting january 2013. at the exact moment when the bush tax cuts extended for two years, if you remember, would expire. the point is we could have all seen this coming. some of us did. we yelled but we were drown out by the election. it seems common sense and good governance get drown out by endless and continuous elections in america. this time there may be a serious price to pay for it. >> keep it here today. at the white house president obama
they demand they reduce deficit as a condition for raising the debt ceiling. without a deal shs the u.s. would lose its ability to borrow money. republicans and democrats deploy tactics that shut down the government and ultimately cost america its aaa credit raid raiting for the first time in history. in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special super committee. but a poison pill was...
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Dec 28, 2012
12/12
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lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. ne
lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on...
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Dec 24, 2012
12/12
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CSPAN
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we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your deficit as long as you create the circumstances so that german entrepreneurs, later chinese, take their profit, which they earned and they send it to wall street. thus closing the cycle, the recycling loop. so, effectively what we have between 1940's and 1971, 1973, you had global surpluses being recycled from united states to the rest of the world. the capitalist world. the western world. ok? so, the united states was an exporter to europe and japan. it was making profits. it was then recycling to europe and japan. so they would keep on buying. once the surplus shifted to japan, germany, and china, the idea t
we are going to expand our dominance and are well by expanding our deficit and using our deficits to provide the rest of the world with the demand which is necessary to grow their economies, even at the expense of hours. and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. but if you are the united states of america and there are certain other factors that i will touch upon later, what you can do is you can expand your deficit as long...
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Dec 28, 2012
12/12
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KRON
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erased early trading deficits. on wall street. the dow finished the day down 18-points. but at one point during the session it was down 150 points. the nasdaq lost four points. and the s-and-p 500 dropped roughly two points. >> new home sales jumped in november to the highest level in more than two years. the u.s. government is reporting an increase last month of 4-point-4-percent compared to october. it's the strongest pace of new home sales since april of 20-10 the increase is due to a combination of near-record low mortgage rates, lower unemployment numbers and a drop in foreclosures -- that in turn has lifted home prices. your forecast, coming up after the break. >> the pittsburgh-based. bart station is reported that an adult male has been shot. this is a live picture from sky 7 high-definition. a couple of cars are together i am not sure if that is the suspects vehicles for a police car. there were delays in both directions. things are up to speed with a news crew on the scene there will be updates coming up at 11:00 p.m. (male announcer): now, here's stanley robert
erased early trading deficits. on wall street. the dow finished the day down 18-points. but at one point during the session it was down 150 points. the nasdaq lost four points. and the s-and-p 500 dropped roughly two points. >> new home sales jumped in november to the highest level in more than two years. the u.s. government is reporting an increase last month of 4-point-4-percent compared to october. it's the strongest pace of new home sales since april of 20-10 the increase is due to a...
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Dec 29, 2012
12/12
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WJLA
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we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. >> john, we appreciate the clarity, even if it's depressing. thank you very much. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. >> hi, dan, bianna. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked yesterday. >> my legs. >> and witnesses say the man used his surfboard to fight off the shark. but the shark bit off two of his fingers. >>> and police in new york city are searching for a woman who pushed a man to his death in front of an oncoming subway train. police are checking homeless shelters and psychiatric units for the woman seen in this surveillance video running away from the scene of that crime. authorities released a sketch of that suspect. investigators
we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. >> john, we appreciate the clarity, even if it's depressing. thank you very much. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. >> hi, dan, bianna. we begin in australia, with a...
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Dec 29, 2012
12/12
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MSNBCW
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insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bear minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a at the same time, "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on middle class families, making up to $250,000, and that will include the additional critical provisions outlined by president obama." president obama pointed out the danger of inaction. >> the economy is growing, but sustaining that trend is going to require elected officials to do their jobs. the housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. the unemployment rate is the lowest it's been since 2008. but already, you're seeing businesses and consumers starting to hold back, because of the dysfunction that they see in washington. >> the president's stern statement echoe
insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's the bear minimum that we should be able to get done. >> majority leader reid is ready to follow through on an up or down vote. reid said in a at the same time, "at president obama's request, i am readying a bill for a vote by monday that will prevent a tax hike on...
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Dec 28, 2012
12/12
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FOXNEWSW
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. >> warren buffett could pay off the deficit he wanted to. but it is to be that a deal will happen after january 1. does that make any difference? >> yes, it does. i think some of all this panic is a little bit overwrought. if they don't reach a deal in the next 22 hours or so, then we go into january, and the stakes get so much higher. as you said, people will start feeling immediately the effect of those higher taxes. and that will put the pressure on the congress and president reach a deal. if they don't reach a deal on december 31, which is my prediction, i believe sometime before the end of january, they will reach a deal. but my goodness. one of the things that is frustrating is we have known this day was coming for the last two years. yet here we are, 72 hours away and we don't have a resolution. gregg: this is a contrivance that they are desperately trying to fix. our member the president said in a debate, the debate, he said that i didn't come up with this. then bob woodward came out and said, yes, you did. you know, both a top aide
. >> warren buffett could pay off the deficit he wanted to. but it is to be that a deal will happen after january 1. does that make any difference? >> yes, it does. i think some of all this panic is a little bit overwrought. if they don't reach a deal in the next 22 hours or so, then we go into january, and the stakes get so much higher. as you said, people will start feeling immediately the effect of those higher taxes. and that will put the pressure on the congress and president...
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Dec 28, 2012
12/12
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CNBC
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the problem with the fiscal cliff is it would put in place deficit reduction, but it would put in deficit reduction too much, too quickly, and with the wrong parts of the budget. so it would let all of the tax cuts expire, it would let many things like the alternative minimum tax hit the middle class. it would have a big, broad-based sequester that goes into place, not gradually, like we would want, to help not derail an economic recovery, but abruptly, and it deals with the wrong parts of the budget. so what you want to do is replace this big amount deficit reduction, all hitting just at the time when the economic recovery is starting to take hold, with a more thoughtful plan that's phased in gradually. so it doesn't do too much deficit reduction up-front, but it puts in the necessary changes to health care cost, retirement, tax reform, all over time and puts us on a sustainable path to a better place. >> let me ask you a central question. is america different from europe? can america continue to run huge budget deficits, because the feds can buy treasuries and prop up the market, and be
the problem with the fiscal cliff is it would put in place deficit reduction, but it would put in deficit reduction too much, too quickly, and with the wrong parts of the budget. so it would let all of the tax cuts expire, it would let many things like the alternative minimum tax hit the middle class. it would have a big, broad-based sequester that goes into place, not gradually, like we would want, to help not derail an economic recovery, but abruptly, and it deals with the wrong parts of the...
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Dec 29, 2012
12/12
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WMAR
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eye 552
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we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we weren't that far from a deal two weeks ago. but we are today. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. and we can't find a way to reason together. >> john, we appreciate the clarity, even if it's depressing. thank you very much. john avlon. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. good morning, sir. >> hi, dan, bianna. mr. avalon, good morning, everyone. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked yesterday. >> are you all right? >> yeah, i got my legs. i'm good. >> and witnesses say the man used his surfboard to fight off the shark. but the shark bit off two of his fingers. and sank its teeth into his legs. other surfers came to the man's aid until paramedics arrived. >>> and police in ne
we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we weren't that far from a deal two weeks ago. but we are today. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. and we can't find a way to reason together. >> john, we appreciate the clarity, even if it's depressing. thank you very much. john avlon. >>> a lot of other news developing overnight. for...
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Dec 28, 2012
12/12
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we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending levels back down. on the contrary if we just brought the spending levels down to the clinton level spending instead of tax level going up to clinton level of tax it is would solve this. we're trying to solve the debt and deficit. we're trying to say how do we get out of debt. the president is saying let's get past the fiscal cliff and let's keep moving on. that doesn't solve the problem. what solves the problem is reducing spending and get our spending back down so our nation is back in balance again. jon: is it mostly medicare and perhaps social security that are the drivers of the problem in your view? >> it is everything that's on the table. when you look at our discretionary spending, how much that was accelerat
we have a trillion dollars in deficit spending last four years. president says let's go back to the clinton levels of taxation. if we went back to the clinton levels of taxation we're still double the highest bush era of deficit spending still because spending was accelerated so much in 2009 and 2010. we're trying to bring the spending levels back down. on the contrary if we just brought the spending levels down to the clinton level spending instead of tax level going up to clinton level of tax...
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Dec 27, 2012
12/12
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CNNW
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a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal. and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and weapon wouldn't be in this
a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. the phone never rang and so now here we are five...
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Dec 29, 2012
12/12
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CNNW
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a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >> long ago. >> yep. and they discussed how many words and phrases are overused too often. and the originator of this list back in 1976 went back and drew up a list of five words to submit to upi, united press international. and the whole thing took off from there, and we take nominations from all over the world. whatever floats to the top gets to our list. >> and is i was going to ask how that happened. people can, what, make suggestions, somehow contact your university and say here's a word i want banished. >> lssubanished. do a search and it will get you right to our page. and there is still time to vote, by the way. the list comes out on monday at 12:01. if we get anymore packed ballot boxes, we'll include those. >> do that right now. a few of the words banished for 2012,
a lot of people are worried it's going to decrease the deficit. so a lot of complicated issues and political issues. and we hear it all of the time. >> let's talk about lake superior state university and how this list compiling all began. >> it was a bet new year's eve, 1976. >> long ago. >> yep. and they discussed how many words and phrases are overused too often. and the originator of this list back in 1976 went back and drew up a list of five words to submit to upi,...
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republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the supercommittee can't reach a deal, automatic across the board cuts known as a sequester would go into effect be at the exact moment when those bush tax cuts extended for two years would expire. so the point is we could have all seen this coming and some of us did. we yelled at the top of our lungs about it but were drowned out by the election. it seems that good governance gets drowned out by continuous elections in america. this time there may be a serious price to pay for it. >> if we go off the fiscal cliff, be will you notice an immediate change to your wallet? we want to get a reality check from stephe
republicans demand that the government reduce its deficit as a condition for raising the debt ceiling. both democrats and republicans earth tactics that shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to a trillion dollars in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional supercommittee. but a poison pill was attached. if the...
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the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i don't think there's anything to that, but the reality is that if he wants to get anything done, he has two options. he either breaks the republicans on taxes, or he breaks the republicans. i read that somewhere, and i thought it was a fantastic quote. but i do think that he is going -- i don't think any of us want to see the country go off the cliff. gregg: maybe he just didn't think $16 trillion in debt is a big deal, basil? >> i think he thinks it's a big deal if we go off this cliff. we're talking about two million folks that will not get unemployment anymore, i don't think an
the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i...
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annual federal deficits over a trillion dollars. he will not change his tune. this is about the fundamental transformation of the nation. that is why he needs all tax rates to go up because he needs to get where the real money is which is the middle class. gregg: that debt is fundamental economics. really baffling. >> right. gregg: monica, good to see you. nice column. merry christmas to you. >> merry christmas to you too. gregg: bye-bye. heather: to a fox news alert now. we just got word to expect a news conference anytime now from police in upstate new york after a gunman opened fire at four firefighters who showed up to just do their job, battle a fire that actually may have been ended up being a trap set by the shooter. police in webster, new york, outside of rochester, they say two of those firefighters were killed at scene. another two were treated at a local hospital. we're awaiting for that news conference. we'll have a live report in moments on what we may learn from police and plus the 911 calls that we got moments ago from this case. so stay tuned. >
annual federal deficits over a trillion dollars. he will not change his tune. this is about the fundamental transformation of the nation. that is why he needs all tax rates to go up because he needs to get where the real money is which is the middle class. gregg: that debt is fundamental economics. really baffling. >> right. gregg: monica, good to see you. nice column. merry christmas to you. >> merry christmas to you too. gregg: bye-bye. heather: to a fox news alert now. we just...
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what do you do about deficits? the truth is doing nothing at this point is the best impact they can have on deficits, because taxes will go up, spending will go down. that's the point of this deal. so to come to your point, yeah, i guess they could suddenly hug each other and do had this dance, but the reality is there are a lot of people who think, what we are dealing with is deficits because the budget looks better and we'll deal with the economy some other way. >> doing nothing is what they do best. mike, before we let you go, ed mackey malden running for the united states senate in massachusetts. >> he's never run statewide. do you agree with this? i think scott brown is smiling this morning? i think a race against ed markey well-known in washington, respected here and has taken strong positions on climate change and other issues. he's not a household name in massachusetts. scott brown is. there's a totally different electorate in this special election. scott brown likes this match upup. mike, would you call hi
what do you do about deficits? the truth is doing nothing at this point is the best impact they can have on deficits, because taxes will go up, spending will go down. that's the point of this deal. so to come to your point, yeah, i guess they could suddenly hug each other and do had this dance, but the reality is there are a lot of people who think, what we are dealing with is deficits because the budget looks better and we'll deal with the economy some other way. >> doing nothing is what...
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i don't think from this point that we'll get meaningful deficit reduction. certainly not meaningful tax reform. i do think that there will be perhaps a permanent extension of the lower tax rates for those making at least under $500,000. the payroll tax cut on the other hand will go away, i think. it's highly likely. that is going to impact a lot of workers. >> bair also took on the credit sthamp increasing the -- criticism that increasing the tax on capital gains. >> this is an aberration in the tax code. it is grossly unfair. you look at if they raise, say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean that small businesses, a lot of small businesses are going to be paying that nearly 40% marginal tax rate where you have billionaire private equity funds, you know, paying 15, 20, or 2 4 depending where they put it. it's not an issue of penalizing investment income. it's an issue of penalizing labor and those who make the income through wages. and they're both legitimate and both should be taxed at th
i don't think from this point that we'll get meaningful deficit reduction. certainly not meaningful tax reform. i do think that there will be perhaps a permanent extension of the lower tax rates for those making at least under $500,000. the payroll tax cut on the other hand will go away, i think. it's highly likely. that is going to impact a lot of workers. >> bair also took on the credit sthamp increasing the -- criticism that increasing the tax on capital gains. >> this is an...
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would re-convene on sunday in an effort to hammer out a last-minute budget deal.erased early trading deficits. on wall street. the dow finished the day down 18- points. it was at one point during the session down 150. >> the nasdaq lost four points. and the s-and-p 500 dropped roughly two points. new home sales jumped in november to the highest level in more than two years. the u.s. government is reporting an increase last month rose 4-point-4-percent compared to october. it's the strongest pace of new home sales since april of 20-10 the increase is due to a combination of near-record low mortgage rates, lower unemployment numbers and a drop in foreclosures -- that in turn has lifted home prices. ford is creating more than two - thousand jobs at new plants in southeast michigan. the car-maker announced it's investing more than 773 million dollars on new equipment and production capacity in a half-dozen facilities. it's all part of ford's plan to add 12-thousand hourly jobs in the u-s and invest more than six-billion dollars in u-s plants, by the year 2015. >> the clouds will be increasing. >>
would re-convene on sunday in an effort to hammer out a last-minute budget deal.erased early trading deficits. on wall street. the dow finished the day down 18- points. it was at one point during the session down 150. >> the nasdaq lost four points. and the s-and-p 500 dropped roughly two points. new home sales jumped in november to the highest level in more than two years. the u.s. government is reporting an increase last month rose 4-point-4-percent compared to october. it's the...
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the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> arthel: so is a fiscal deal more likely now than it was before congress left for christmas break? let's have a meeting of the minds. outreach director for freedom works, author of "backlash" and fox news cont
the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting....
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a plan that would simplify theod tax code, shrink the deficit, protect the taxpayers and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. reelected. and congressional democrats sat on theirel hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. w but we had no takers. but the phone never rang, and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balance withed, bipartisan proposal, and if they had something to fit the bilker i'm sure the majority maj leader would have been able toe deliver the votes the president would haveld needed to pass it here in the senate. and we wouldn't beth in this met but here we are, once again, at the end of the year staring at a crisis we shouldri have dealt wt literally months ago. make no mistake, the only reason democrats have been trying to deflect attention onto me and me colleagues over the past fewt weeks is that the
a plan that would simplify theod tax code, shrink the deficit, protect the taxpayers and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. reelected. and congressional democrats sat on theirel hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. w but we had no takers. but the phone never rang, and so now here we are five days from the new year,...
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more stimulus, $50 billion in additional government spending, which would only add to the debt and deficit. what impact does that have? >> i think that have essentially no impact. the u.s. has been growing since june of 2009. this is not a case where the government needs to step in and stop a free fall. the problem is we're growing too slowly. we are growing at rates that are 1, 1.5, 2%, and we should be growing at rates of 3 and 4%. to do that we need permanent fixes. fixes to entitlement programs, tax reform, that's the recipe for more rapid growth. it's also the same recipe for fixing the debt. gregg: how about 7 and 8% growth which is what happened this ronald reagan reduced the tabgts rates. the tax rates. >> that would be phenomenal. we haven't seen that since the 1980s. it will take a very big pla change in the playbook in washington for that to happen h. gregg: thank you very much. >> thank you. gregg: what will it cost you if washington can't make a deal before next week, something that is looking more and more likely? you can find out all you need to know on our website foxnews.c
more stimulus, $50 billion in additional government spending, which would only add to the debt and deficit. what impact does that have? >> i think that have essentially no impact. the u.s. has been growing since june of 2009. this is not a case where the government needs to step in and stop a free fall. the problem is we're growing too slowly. we are growing at rates that are 1, 1.5, 2%, and we should be growing at rates of 3 and 4%. to do that we need permanent fixes. fixes to...
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illinois, there are $100 billion in the hole in terms of the deficit. nationally, you got all these people in the earlier segment playing blame game in washington. guess what? when you're spending more money than you pull in, eventually the money runs out. then you can blame all you want. but there is no money. for basic services, like police, like good education, all that stuff. they don't care about that. they spend the money on what they want to get elected. >> when you're saying that the previous mayor spent all the money, you're talking about mayor daly. rahm emanuel is in place now. >> right. >> he spent all the money on what? and then, two, what is the realistic proposal here to reverse the violence? >> well, over 20 years i can give you a laundry list of corruption and cronyism. but you know it well because you were here as well. and you saw it. there was a reporter once for "time" doing a cnn profile, comparing richard daly to andy of maybury and said he presides over chicago like andy of maybury. now that reporter is the press secretary for pr
illinois, there are $100 billion in the hole in terms of the deficit. nationally, you got all these people in the earlier segment playing blame game in washington. guess what? when you're spending more money than you pull in, eventually the money runs out. then you can blame all you want. but there is no money. for basic services, like police, like good education, all that stuff. they don't care about that. they spend the money on what they want to get elected. >> when you're saying that...
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unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction and economic growth steps that we can take in the new year. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern over and over again. ordinary folks -- they do their jobs. they meet deadlines. they sit down and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership cannot do the same thing is mind-boggling to them. it needs to stop. i am modestly optimistic that an agreement can be achieved. nobody will get 100% of what they want. let us make sure that middle- class families and the american economy and the world economy are not adversely impacted because people cannot do their jobs. thank you very much, everybody. >> now s
unemployment insurance is available for 2 million people, and it lays the groundwork for additional deficit reduction and economic growth steps that we can take in the new year. let us not miss this deadline. that is the bare minimum we should be able to get done. it should not be hard since democrats and republicans say they do not want to see taxes go up on middle-class families. i have to repeat -- outside of washington, nobody understands how it is that this seems to be a repeat pattern...
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the president's aides tell us in private he scaled back from a $4 trillion deficit deal. he wants something smaller in the wake of speaker john boehner's failure on so-called plan b last week. they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday night and president basically said everyone should calm down, cool off over the holidays. take a listen. >> everybody can cool off. everybody can drink some eggnog, have some christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i would ask every member of congress while they're back home to think about that. think about the obligations we have to the people who sent us here. >> reporter: so, sing some carols today. probably will be some eggnog. here in hawaii, maybe back in ohio where john boehner is likely celebrating the holidays as well but they
the president's aides tell us in private he scaled back from a $4 trillion deficit deal. he wants something smaller in the wake of speaker john boehner's failure on so-called plan b last week. they just want something that will extend middle class tax cuts. they want to see two million people get unemployment benefits extended. those are running out at end of the year by the way the president, you remember, came out on friday after speaker boehner talked about the failure of the vote thursday...
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>> i think there is no question that getting the debt and deficit under control is in the interests of younger generations so they are not saddled with debt solely for our current consumption. but how we get there matters an awful lot. if you raise taxes on people at the top, that affects people mostly in their peak earning year, late 40s to their late 50s. if you focus the spending cuts on discretionary spending which is what we've done so far, you squeeze investment thes in the next generation. education, infrastructure, research. there really needs to be a balance both between taxes and spending and then on the spending side between restraining discretionary spending and restraining entitlements which are aimed at today's seniors. >> so many times we've heard talk about generational warfare between old and young. but this is a little bit different. >> right. first of all, there is no -- today there is generational warfare more in the opposite direction. the polls show that young people by and large are willing to pay for entitlements for today's seniors. what's eroded is the willing
>> i think there is no question that getting the debt and deficit under control is in the interests of younger generations so they are not saddled with debt solely for our current consumption. but how we get there matters an awful lot. if you raise taxes on people at the top, that affects people mostly in their peak earning year, late 40s to their late 50s. if you focus the spending cuts on discretionary spending which is what we've done so far, you squeeze investment thes in the next...